Bankrobber

Monday, January 9, 2012

Where's Bankrobber?

Maybe you care, maybe not. Anyway I've not been trading.
I was made an offer I couldn't refuse to build another factory, well actually take over a floundering one,fire most everyone, design and supervise the build of a new one. Mechanical, electrical, air systems, structural on 4 new production lines.
It's fun to spend other peoples $millions like it's going out of style and it's been a very, very big challenge to get things this far.
Photos show what it was and now what it's turning out to be.
Can't wait to finish it, turn the keys over so to speak, get back to BC, relax and not have to deal with people. I miss being in my peaceful trading cave!

Monday, August 8, 2011

Opportunity

I'm stating the obvious in saying there is tremendous opportunity in the way the markets are plunging. I wrote many helpful articles during the plunge of 2008 that should be useful if the markets behave the same way. To recap some basic tenants of my trading philosophy:

- Concentrate, focus, know yourself and your limits.

- Keep things simple.

- Go with the flow.

- Take profits when you'd be crazy not to.

- Press your advantage to an almost reckless level when you are in sync.

- There is no limit to where prices can go. Up, Down or bounce. Think 1000 point days on the Dow.

- Cut losers ultra fast.

- Pare your plays down to 2 or 3 at a time and trade big size.

- Momentum is king, fundamentals are meaningless, technical levels are of little use.

In times like these, more money will fly into your account than years trading a grinding market. Don't think you are smarter than the market if you are wildly successful - it is just the conditions that making it appear so. Be humble and give something back to those less fortunate than you.

Happy trading.